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From democracy to kleptocracy

Were you one of the people who stormed the Capitol on January 6, 2021? If so, you are about to hit the jackpot! Here’s how. On January 29, 2026 Donald Trump filed a $10 billion lawsuit against the IRS because he said his tax return was improperly accessed. This is weird on so many levels but mainly because it was basically that Trump was suing himself since he was president. He even stated that in so many words. But it looked like the courts weren’t going to buy it, so he withdrew the lawsuit and said he would settle for a $1.776 billion fund available to those who suffered from ...

Revitalizing, improving anti-trust law a pocketbook issue

Big business is on a rampage with respect to the Robinson-Patman Act of 1936. They are publishing op-eds in newspapers around the country, lobbying out the kazoo, and having articles placed in newspapers and on social media. The RPA, as it is sometimes called, was an amendment to the Clayton Anti-Trust Act. The anti-trust laws were passed starting in 1890 as a push by progressive reformers in the Republican Party. At the forefront of the movement was President Theodore (“Teddy”) Roosevelt, who was known as the “Trust Buster.” Roosevelt appreciated the Republican philosophy to ...

History doesn’t repeat — but Fed hears echo

Read the recent minutes from Federal Reserve meetings carefully and you’ll hear 1970s. The Fed has stopped debating when to cut. Now it’s debating whether to hold higher for longer — or hike again. A majority of officials said firming could become appropriate if inflation keeps running above 2%. Several said cuts still make sense if disinflation resumes or the labor market cracks. That split is the whole story. Inflation is moving the wrong way. PCE rose 3.5% in March, up from 2.8% in February. Core hit 3.2%. Two supply shocks are still working through the system: tariff ...

America’s markets strengthening: Trump Accounts launching July Fourth

The American economy has created more wealth, innovation, and opportunity than any nation in history. Millions of Americans already participate in that success through retirement accounts, pensions, small businesses, and investments. President Trump and I believe even more Americans should have the opportunity to own a direct stake in the growth and success of the American economy. Trump Accounts are designed to help make that possible for future generations from day one. As Chairman of the House Financial Services Subcommittee on Oversight and Investigations, I regularly meet with ...

State’s best education idea turns 25

A quarter century ago, Pennsylvania quietly did something remarkable: created a scholarship program that gave low- and middle-income families an opportunity to choose the best schools for their kids. This first-of-its-kind program galvanized the national school choice movement, ushering in much-needed reforms that put students first. That program is the Educational Improvement Tax Credit (EITC), which marks its 25th anniversary. From its inception, EITC’s design was simple yet revolutionary: Allow businesses to invest in scholarships and empower families to choose educational ...

Governor betrayed Pennsylvania’s children with 2023 veto

When it comes to school choice, Gov. Josh Shapiro often finds himself in hot water. In 2023, he shook hands on a budget deal that included a $100 million scholarship program for kids stuck in Pennsylvania’s worst-performing schools—a program which he endorsed as a candidate. But after teacher unions and partisan Democrats pressed him, he vetoed what could have been a transformational opportunity for thousands of Pennsylvania kids. Now, a new opportunity looms on the horizon—and the governor again appears hesitant to commit. On July 5, 2025, federal lawmakers passed the ...